Sigma Designs, Inc. (SIGM) Shares Bought by Geode Capital Management LLC
Geode Capital Management LLC increased its position in Sigma Designs, Inc. (NASDAQ:SIGM) by 11.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 301,403 shares of the semiconductor company’s stock after buying an additional 30,704 shares during the period. Geode Capital Management LLC owned about 0.79% of Sigma Designs worth $1,883,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in SIGM. State Street Corp increased its position in shares of Sigma Designs by 8.5% in the fourth quarter. State Street Corp now owns 540,789 shares of the semiconductor company’s stock worth $3,246,000 after buying an additional 42,265 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Sigma Designs by 7.7% in the first quarter. Great West Life Assurance Co. Can now owns 529,660 shares of the semiconductor company’s stock worth $3,298,000 after buying an additional 37,672 shares during the period. Alambic Investment Management L.P. increased its stake in Sigma Designs by 37.7% in the first quarter. Alambic Investment Management L.P. now owns 326,183 shares of the semiconductor company’s stock worth $2,039,000 after buying an additional 89,388 shares during the period. Fisher Asset Management LLC increased its stake in Sigma Designs by 37.4% in the first quarter. Fisher Asset Management LLC now owns 194,867 shares of the semiconductor company’s stock worth $1,218,000 after buying an additional 53,002 shares during the period. Finally, Algert Global LLC increased its stake in Sigma Designs by 8.0% in the first quarter. Algert Global LLC now owns 179,817 shares of the semiconductor company’s stock worth $1,124,000 after buying an additional 13,329 shares during the period. 61.45% of the stock is owned by institutional investors.
Sigma Designs, Inc. (NASDAQ SIGM) traded down 0.397% during midday trading on Wednesday, hitting $6.275. 26,024 shares of the company were exchanged. The firm’s 50-day moving average price is $6.24 and its 200-day moving average price is $6.10. Sigma Designs, Inc. has a one year low of $5.20 and a one year high of $8.60. The stock’s market capitalization is $239.68 million.
Sigma Designs (NASDAQ:SIGM) last posted its quarterly earnings data on Tuesday, June 6th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.04. The firm had revenue of $39.60 million during the quarter, compared to the consensus estimate of $39.50 million. Sigma Designs had a negative return on equity of 10.46% and a negative net margin of 12.15%. Sigma Designs’s revenue for the quarter was down 26.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.12) EPS. Equities research analysts anticipate that Sigma Designs, Inc. will post ($0.57) earnings per share for the current year.
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A number of equities research analysts recently weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of Sigma Designs in a research note on Wednesday, June 7th. Zacks Investment Research downgraded shares of Sigma Designs from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. Finally, Robert W. Baird reissued an “outperform” rating and set a $8.00 price target on shares of Sigma Designs in a research note on Wednesday, June 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Sigma Designs presently has a consensus rating of “Hold” and a consensus target price of $8.58.
In other news, major shareholder Soros Fund Management Llc acquired 4,424 shares of the firm’s stock in a transaction on Friday, June 23rd. The stock was acquired at an average price of $5.85 per share, for a total transaction of $25,880.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders acquired 1,029,368 shares of company stock valued at $5,967,515. 4.50% of the stock is owned by corporate insiders.
About Sigma Designs
Sigma Designs, Inc is a provider of global integrated semiconductor solutions. The Company offers media platforms for use in the home entertainment and home control markets. The Company sells its products into markets, including smart television, media connectivity, set-top box and Internet of Things (IoT) devices.
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